What will the federal government have to do in order to redeem the bonds in the Social Security Trust Fund?

a. raise taxes
b. cut expenditures on other government programs
c. borrow additional funds
d. Some combination of a, b, and c.


D

Economics

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Indicate whether the statement is true or false

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The NBER focuses primarily on the value of real GDP while deciding whether an economic contraction is a recession, because it is measured monthly and allows the identification of the month in which business-cycle turning points occur

a. True b. False Indicate whether the statement is true or false

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Exhibit 11-6 Aggregate demand and supply model In Exhibit 11-6, if the aggregate demand curve is at AD1, the government should:

A. raise taxes to move to AD2. B. cut taxes to move to AD2. C. cut taxes to move to AD3. D. cut spending to move to AD2.

Economics